LPL Financial Reports Monthly Activity for November 2021

SAN DIEGO, Dec. sixteen, 2021 (World NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), now unveiled its monthly exercise report for November 2021.

Complete advisory and brokerage assets at the close of November were about $one.seventeen trillion, a decrease of $ten billion, or .8%, in contrast to the close of Oct 2021.

Complete net new assets for November were $6.nine billion, translating to a 7.% annualized growth price. Complete net new advisory assets were $7.one billion, translating to a 13.7% annualized growth price.

Complete customer money balances at the close of November were $51.nine billion, an improve of $one. billion in contrast to the close of Oct 2021. Net obtaining in November was $five.five billion.

(Conclusion of Period of time $ in billions, unless noted)
 
November Oct Improve November Improve
2021   2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings          
Advisory Belongings 620.one   623.three (.five %) 442. 40.three %
Brokerage Belongings 550.7   557.2 (one.2 %) 431.three 27.7 %
Complete Advisory and Brokerage Belongings one,one hundred seventy.8   one,180.five (.8 %) 873.three 34.one %

Complete Net New Belongings

         
Net New Advisory Belongings 7.one   6.6 n/m five.8 n/m
Net New Brokerage Belongings (.three ) .7 n/m one.6 n/m
Complete Net New Belongings 6.nine   7.2 n/m 7.4 n/m

Organic Net New Belongings

         
Net New Organic Advisory Belongings 7.one   6.6 n/m 4.2 n/m
Net New Organic Brokerage Belongings (.three ) .7 n/m .7 n/m
Complete Organic Net New Belongings 6.nine   7.2 n/m 4.nine n/m

 

Net Brokerage to Advisory Conversions one.2   one.one n/m .7 n/m

Shopper Dollars Balances

           
Insured Dollars Account Balances 29.nine   29.three 2. % 36.one (seventeen.2 %)
Deposit Dollars Account Balances 8.five   8.five . % 8.three 2.4 %
Complete Financial institution Sweep Balances 38.4   37.8 one.6 % 44.five (13.7 %)
Money Current market Account Dollars Balances eleven.6   eleven.three 2.7 % one.five n/m
Procured Money Current market Funds one.nine   one.8 five.6 % 2.one (nine.five %)
Complete Money Current market Balances 13.five   13.one three.one % three.6 n/m
Complete Shopper Dollars Balances 51.nine   fifty.nine 2. % 48.one 7.nine %

 

Net Get (Market) Exercise five.five five.8 n/m 4.2 n/m
Current market Indices          
S&P five hundred (close of interval) 4,567 4,605 (.8 %) three,622 26.one %
Fed Funds Helpful Rate (average bps) 8 8 . % nine (eleven.one %)

For more information regarding these and other LPL Economic organization metrics, make sure you refer to the Company’s most latest earnings announcement, which is obtainable in the quarterly benefits part of trader.lpl.com.

About LPL Economic
LPL Economic was founded on the theory that the company must do the job for the advisor, and not the other way close to. Today, LPL is a leader* in the marketplaces we serve, supporting extra than 19,000 monetary advisors, and about 800 institution-primarily based investment decision courses and 450 independent RIA firms nationwide. We are steadfast in our dedication to the advisor-centered design and the perception that Americans are worthy of accessibility to personalised guidance from a monetary advisor. At LPL, independence signifies that advisors have the flexibility they are worthy of to choose the organization design, providers, and technologies resources that let them to operate their excellent observe. And they have the flexibility to deal with their customer relationships, since they know their consumers greatest. Basically place, we choose treatment of our advisors, so they can choose treatment of their consumers.

* Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Independent Broker-Supplier in the U.S (Primarily based on full revenues, Economic Arranging journal 1996-2021) No. one supplier of third-party brokerage providers to banks and credit unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

Securities and Advisory providers presented as a result of LPL Economic LLC, a SEC-registered broker-seller and investment decision advisor. Member FINRA/SIPC.

All through this interaction, the conditions “financial advisors” and “advisors” are used to refer to registered reps and/or investment decision advisor reps affiliated with LPL Economic LLC. We routinely disclose information that may well be critical to shareholders in the “Trader Relations” or “Press Releases” part of our internet site.

Trader Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
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